COVA Acquisition (COVA Acquisition) Momentum Rank : 0 (As of May. 23, 2024)

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What is COVA Acquisition Momentum Rank?

COVA Acquisition has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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COVA Acquisition (COVA Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » COVA Acquisition Corp (NAS:COVA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

530 Bush Street, Suite 703, San Francisco, CA, USA, 94108

Website

https://covaacquisitioncorp.com

COVA Acquisition Corp is a blank check company.

Executives

Jun Hong Heng	director, 10 percent owner, officer: Chairman, CEO and CFO	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Dhillon Karanveer K.v.	director, officer: President	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Cova Acquisition Sponsor Llc	10 percent owner	C/O COVA ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Pandu Sjahrir	director	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Alvin Sariaatmadja	director	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Jack Smith	director	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108

COVA Acquisition (COVA Acquisition) Headlines

From GuruFocus

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By PRNewswire PRNewswire • 06-25-2022

SHAREHOLDER NOTICE: Halper Sadeh LLP Investigates VMW, GBRG, COVA

By PRNewswire PRNewswire • 05-26-2022

COVA Acquisition Corp. Receives Expected Notice from Nasdaq Regarding Delayed Form 10-Q

By Business Wire Business Wire • 06-01-2021

COVA Acquisition Corp. Announces Closing of $300 Million Initial Public Offering

By Business Wire Business Wire • 02-09-2021

SHAREHOLDER NOTICE: Halper Sadeh LLP Investigates VMW, GBRG, COVA

By PRNewswire PRNewswire • 07-15-2022

SHAREHOLDER NOTICE: Halper Sadeh LLP Investigates VMW, GBRG, COVA

By PRNewswire PRNewswire • 06-15-2022

SHAREHOLDER NOTICE: Halper Sadeh LLP Investigates VMW, GBRG, COVA

By PRNewswire PRNewswire • 06-05-2022

SHAREHOLDER NOTICE: Halper Sadeh LLP Investigates VMW, GBRG, COVA

By PRNewswire PRNewswire • 07-05-2022